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Your friend, Mike, has just purchased a business.

The solution addresses Tim's Coffee Shop and an analysis to help "Mike" make the coffee shop 100% profitable.

Your friend, Mike, has just purchased a business. Because Mike knows
that you have just received your Associate's in Accounting at Kaplan
University, he has asked for you help in evaluating the firm. Mike is
not asking you to make a decision for him; he just wants you to help
provide him with facts as you see them.
Your task is to analyze the business and report your findings to Mike.
Be sure to tell Mike everything that you can think of that will aid him
once he takes over ownership from the seller. Tell him what he will need
to deal with in terms of setting up his new business, and the challenges
that he will face. Remember, this is your good friend, and you want him
to succeed in this new venture.
You will present Mike with a report with the following structure:
Executive Summary
Finance and Accounting
Financial Statements
Problem Solving
The Coversheet should contain the title of your report, the date of
submission, and your name. The Executive Summary should provide an
overview of your findings. After the Executive Summary, you will explore
the five different areas of Tim's business. For each of these areas, you
will provide a detailed report that contains a title, summary, and
action items.
Title of Subsection: Name of the business area (Regulations, Management,
Finance and Accounting, etc.)
Summary: Provide a detailed summary of what you observed in this
particular area of the business. Describe any strengths and weaknesses
Action Items: Based on your analysis, detail for Mike what he will need
to do once he takes ownership of the business. Your recommendations
should contain detailed directions of what needs to be done and when.
Also, you should defend your recommendations by providing references
that support your ideas.
Hint: make sure to look at the overall ambience, hours of operation,
newspaper ad and bus schedule.
Make sure to note: ambience, stage and equipment for live music, cash
only sign, buy 10 promotion, jenna's bakery exclusive and customer
comment cards.

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